Recognized for “excel[ling] in his representation of lenders and private equity fund sponsors, but also represents debtors with sound and steady leadership."Chambers USA 2019

Ted A. Dillman

Los Angeles
  • 355 South Grand Avenue, Suite 100
  • Los Angeles, CA 90071-1560
  • USA
 
 

Ted Austin Dillman represents debtors, creditors, investment funds, and buyers in corporate restructuring, distressed M&A, and out-of-court workouts, as well as special situations finance and corporate matters.

Mr. Dillman regularly helps clients navigate large-scale corporate bankruptcies, cross-border restructurings, and a variety of special situations transactions across industries. He also represents hedge funds, private equity funds, direct lenders, and strategic buyers in wide range of challenged M&A and finance matters.

Mr. Dillman is a past president of the Financial Lawyers Conference and a member of its Board of Governors. He often writes and speaks on intellectual property, M&A, and finance-related issues, including:

  • Co-author “Intellectually Bankrupt?: The Comprehensive Guide to Navigating IP Issues in Chapter 11,” published by ABI Law Review
  • Co-author of the Model Asset Purchase Agreement for Bankruptcy Sales published by the ABA
  • Co-author of the debtor-in-possession financing chapter of Reorganizing Failing Businesses, published by the ABA

Mr. Dillman’s representative experience includes advising:

Noteholder Groups and Creditors
  • Simon Property Group in the Sears Holdings chapter 11 cases
  • GoldenTree Asset Management in the restructuring of Puerto Rico Industrial Development Company (PRIDCO) bonds
  • DDJ Capital Management-led noteholder group and debtor-in-possession lenders in the Real Alloy chapter 11 cases (including successful purchase of all assets via credit bid)
  • DDJ Capital Management in the Optima Specialty Steel chapter 11 cases
  • Official Committee of Unsecured Creditors in the Energy XXI chapter 11 cases
  • Oaktree Capital Management-led noteholder group in the Rural/Metro Corporation chapter 11 cases
  • Eduardo Saverin in the sale of substantially all of the assets of Jumio Inc., named “Restructuring Community Impact Deal of the Year” by M&A Advisor
  • Secured print and advertising lender in the Relativity Media chapter 11 cases
  • Secured lender syndicate agent in the out-of-court restructuring of a major equipment maintenance company servicing US ports
Distressed Mergers and Acquisitions
  • Major Hollywood studio as a potential bidder for the assets of The Weinstein Company (section 363 bankruptcy sale)
  • Mattel in its acquisition of Fuhu (section 363 bankruptcy sale)
  • Toshiba Corporation in its acquisition of OCZ Technology (section 363 bankruptcy sale)
  • Prana Studios in its acquisition of Rhythm and Hues (section 363 bankruptcy sale), named “363 Sale of the Year (Between US$10 million and US$50 million)” by M&A Advisor
  • Strategic buyer in its acquisition of substantially all of the assets of a leading cosmetics company (UCC Art. 9 foreclosure sale)
Debtor Representations and Out-of-Court Company Restructuring
  • Sienna Biopharmaceuticals in its chapter 11 case and sale process
  • Technology and accessories consumer products business in connection with its out-of-court restructuring and recapitalization
  • Allen Systems Group in its prepackaged chapter 11, named “Turnaround of the Year: Mid-Size Company” by the Turnaround Management Association
  • Freedom Communications in its successful reorganization through chapter 11
  • Traffic Control and Safety Corporation in its section 363 bankruptcy sale
  • An auto manufacturer in connection with its out-of-court wind-down
Real Estate Workouts
  • Secured lender in the bankruptcy of Centurion Properties III
  • Secured lender in the bankruptcy of the San Jose Holiday Inn
  • Secured lender in the bankruptcy of the Los Angeles Marriott Hotel
  • Secured lender to the Metropolitan Project (Los Angeles) in the bankruptcy of the project’s real estate developer
  • Secured lender in out-of-court restructuring of multiple golf course properties in California and Arizona

 
 
 
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